OverviewSuggest Edit

The Volvo Group is a company that manufactures trucks, buses, construction equipment as well as marine and industrial engines. It also provides financing, rental, preventive maintenance, and other related services. The company focuses on automation, material technology, electric vehicles, and other areas. The Volvo Group operates a range of brands, including Volvo, UD Trucks, Terex Trucks, Renault Trucks, Prevost, etc.
HQGöteborg, SE
Employee Ratings4.2
Overall CultureC

Latest Updates

Employees (est.) (Dec 2020)96,194(-7%)
Revenue (FY, 2020)KR338.4 B(-21%)
Share Price (May 2022)KR162.9(+3%)
Cybersecurity ratingBMore
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Key People/Management at Volvo Group

Martin Lundstedt

Martin Lundstedt

Director, President and CEO
Jan Gurander

Jan Gurander

Deputy CEO
Diana Niu

Diana Niu

Executive Vice President Group Human Resources
Roger Alm

Roger Alm

President, Volvo Trucks
Johan Bartler

Johan Bartler

Director, Investor Relations
Bruno Blin

Bruno Blin

Executive Vice President Volvo Group, President Renault Trucks
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Volvo Group Office Locations

Volvo Group has offices in Göteborg, Greensboro, Hagerstown, Wacol and in 21 other locations
Göteborg, SE (HQ)
Gropegårdsgatan 2
Wacol, AU
36 Viking Dr
Brussel, BE
Luxemburgstraat 3
Gent, BE
Smalleheerweg 29
Gent, BE
Smalleheerweg 31
Sint-Agatha-Berchem, BE
Hunderenveldlaan 10
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Volvo Group Financials and Metrics

Volvo Group Revenue

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Volvo Group's revenue was reported to be kr338.45 b in FY, 2020 which is a 21.7% decrease from the previous period.

Revenue (Q3, 2021)


Gross profit (Q3, 2021)


Gross profit margin (Q3, 2021), %


Net income (Q3, 2021)


EBIT (Q3, 2021)


Market capitalization (13-May-2022)


Closing stock price (13-May-2022)


Cash (30-Sept-2021)



Volvo Group's current market capitalization is kr404.5 b.
SEKFY, 2018FY, 2019FY, 2020



Revenue growth, %


Cost of goods sold


Gross profit

SEKQ1, 2019Q2, 2019Q3, 2019Q4, 2019Q1, 2020Q2, 2020Q3, 2020Q4, 2020Q1, 2021Q2, 2021Q3, 2021



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Gross profit Margin, %

SEKFY, 2018FY, 2019FY, 2020



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Current Assets

SEKFY, 2018FY, 2019FY, 2020

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Cash From Operating Activities

SEKQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

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Cash From Operating Activities

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1.1 x


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Financial Leverage

3.8 x
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Volvo Group Operating Metrics

FY, 2018Q1, 2019Q2, 2019Q3, 2019Q4, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020Q4, 2020FY, 2020Q1, 2021Q2, 2021Q3, 2021

Net Order Intake (Light Trucks)

20.45 k5.16 k3.07 k1.88 k3.92 k14.03 k4.06 k2.58 k4.68 k6.59 k17.9 k7.84 k6.69 k5.4 k

Total Units Delivered (Construction Equipment)

82.65 k23.14 k26.89 k16.46 k20.4 k86.89 k20.17 k29.08 k19.77 k24.73 k93.76 k30.96 k30.66 k18.09 k

Units Delivered (Heavy-duty Trucks)

193.89 k49.64 k56.24 k46.4 k46.21 k201.09 k38.27 k23.16 k31.69 k47.54 k140.65 k43.32 k37.15 k37.96 k

Units Delivered (Medium-duty Trucks)

14.07 k3.34 k3.38 k2.69 k3.18 k12.7 k2.44 k1.81 k2.72 k3.76 k10.74 k3.74 k3.37 k2.86 k
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Volvo Group Acquisitions / Subsidiaries

Company NameDateDeal Size
Jiangling MotorsNovember 10, 2021$125.7 m
AB Volvo Penta
JSC Volvo Vostok
Kommersiella Fordon Europa AB
Sotrof AB
UD Trucks Corporation
VFS Int Romania Leasing Operational
VFS Latvia SIA
VFS Servizi Financiari Spa
VNA Holding Inc.
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Volvo Group Revenue Breakdown

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Volvo Group revenue breakdown by business segment: 5.8% from Buses, 60.7% from Trucks, 23.7% from Construction Equipment and 9.8% from Other

Volvo Group revenue breakdown by geographic segment: 24.0% from North America, 24.0% from Asia, 6.4% from South America, 39.8% from Europe and 5.8% from Africa and Oceania

Volvo Group Cybersecurity Score

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Volvo Group Online and Social Media Presence

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Volvo Group Company Culture

  • Overall Culture



  • CEO Rating



  • Compensation



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Volvo Group News and Updates

Volvo, Alison Seek To Clean Up Diesel Truck Emissions With Electric Drivetrains

Replacing the engines in diesel trucks with electric components is an easy and efficient way to reduce harmful emissions.

StoreDot Gets Investment from Volvo Tech Fund

Volvo hopes its latest investment will help its electric cars charge up– in less than 5 minutes.

Invitation to the Volvo Group report on the first quarter 2022

GÖTEBORG, Sweden, April 8, 2022 /PRNewswire/ -- The Volvo Group report for the first quarter 2022 will be published on April 22, 2022, at 7.20 a.m. CEST. There will be a conference call for press and analysts starting at 9.00 a.m. CEST. An online presentation of the report, followed by a...

Global Electric Bus Market Report 2022: Featuring Profiles of Key Players BYD, Daimler, Volvo Group, Yutong Bus Co, Proterra and Ebusco

Dublin, March 22, 2022 (GLOBE NEWSWIRE) -- The "Global Electric Bus Market (Battery Electric Bus, Plug-in Hybrid Electric Bus and Fuel Cell Electric bus): Insights & Forecast with Potential Impact of COVID-19 (2022-2026)" report has been added to ResearchAndMarkets.com's offering. The global e…

Volvo Group expands R&D operations in India to become largest site outside Sweden

The projects expected to operate from the facility include general vehicle technology, electric, autonomous as well as connectivity solutions.

Volvo Trucks North America Introduces I-Torque™, an Industry-First Powertrain Solution Taking Fuel Efficiency, Drivability and Productivity to New Heights

Volvo Trucks North America adds to its track record of industry-first breakthroughs in powertrain innovation with the Volvo I-Torque. Now available as an option with the latest D13 Turbo Compound engine, I-Torque is designed to achieve best-in-class fuel efficiency, without compromising performance,…
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Volvo Group Blogs

Invitation to the Volvo Group report on the first quarter 2020

The Volvo Group Report on the first quarter 2020 will be published on April 23 2020 at 7

Update on the Volvo Group’s financial reporting 2020

In accordance with accounting standard IFRS 5, the UD Trucks global business was on December 31, 2019 reclassified as assets and liabilities held for sale

Volvo provides an update on the current situation in respect of COVID-19 and postpones the Annual General Meeting

The Board of Directors of AB Volvo has decided to postpone the Annual General Meeting given the uncertain and accelerating developments in the wake of COVID-19

AB Volvo’s Board of Directors withdraws proposal of extra dividend, maintains ordinary dividend

In light of the general uncertainty and the measures taken to slow down the spread of Covid19 and their effects on the Volvo Group, the Board of Directors of AB Volvo has decided to maintain the proposal to the Annual General Meeting on April 8, 2020 of an ordinary dividend of SEK 5

Update on the impact from Covid-19 on the Volvo Group

The consequences of the Covid-19 outbreak is affecting the Volvo Group, and there is a considerable risk of a material financial impact on the Group as from mid-March

Heavily reduced programme at AB Volvo’s Annual General Meeting April 8, 2020

The Public Health Agency of Sweden (Folkhälsomyndigheten) has upgraded the risk of spread of the new corona virus in Sweden and the Swedish government has decided not to allow public gatherings collecting more than 500 individuals
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Volvo Group Frequently Asked Questions

  • When was Volvo Group founded?

    Volvo Group was founded in 1927.

  • Who are Volvo Group key executives?

    Volvo Group's key executives are Martin Lundstedt, Jan Gurander and Diana Niu.

  • How many employees does Volvo Group have?

    Volvo Group has 96,194 employees.

  • What is Volvo Group revenue?

    Latest Volvo Group annual revenue is kr338.4 b.

  • What is Volvo Group revenue per employee?

    Latest Volvo Group revenue per employee is kr3.5 m.

  • Who are Volvo Group competitors?

    Competitors of Volvo Group include Isuzu, Penske Automotive Group and Navistar.

  • Where is Volvo Group headquarters?

    Volvo Group headquarters is located at Gropegårdsgatan 2, Göteborg.

  • Where are Volvo Group offices?

    Volvo Group has offices in Göteborg, Greensboro, Hagerstown, Wacol and in 21 other locations.

  • How many offices does Volvo Group have?

    Volvo Group has 31 offices.